US Set to Seize $1B in Crypto Tied to Iran This Week, Treasury Chief Warns

U.S. Treasury Secretary Scott Bessent said the government is poised to seize roughly $1 billion in crypto tied to Iran this week as part of escalating sanctions.

Speaking at the Newsmax NPolicy Summit, Bessent noted the assets have been located and are being isolated, forming part of a broader economic chokehold on Iran amid its recent military conflict that began in February. The move could ripple through stablecoin issuers and exchanges handling Iranian-linked digital assets.